Average Bill and Account Collectors Salary in Utah
Bill and Account Collectors in Utah earn an average annual salary of $44,980, which is slightly below the national average of $48,000. This localized pay rate is influenced by a combination of factors, including the state's specific economic conditions and the demand for these essential financial services professionals within Utah's business landscape.
Executive Summary
- Average Salary: $44,980 per year.
- Growth Trend: Salaries have shifted 24.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $58,400.
- Outlook: With a total local workforce of 3,160 Bill and Account Collectors, Utah demonstrates a significant presence in this sector. The Location Quotient of 1.73 indicates a concentration of these roles that is 73% higher than the national average, suggesting a robust and potentially growing demand for professionals in this field within the state.
Salary Overview
The average Bill and Account Collectors in Utah earns-6.3%below the national average.
$21.6
$865
$3,748
Bill and Account Collectors Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that salaries for Bill and Account Collectors in Utah have experienced growth over the past four years, mirroring general economic trends and inflation. Increased demand, coupled with a desire to retain skilled professionals, likely contributed to upward salary adjustments.
Bill and Account Collectors Salary Distribution in Utah
Career progression for Bill and Account Collectors in Utah typically involves a salary increase with experience. Entry-level positions might start closer to the lower end of the pay scale, while seasoned professionals with proven track records and advanced skills can command salaries significantly higher than the average, reflecting their value and expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $33,620 | $16.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $33,735 | $16.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $44,640 | $21.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $56,225 | $27 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $58,400 | $28.1 |
Detailed Bill and Account Collectors Market Analysis
Relocation Context
Nominal Salary
$44,980
Gross Pay
Real Wage (Purchasing Power)
$43,043
Adjusted for COL (104.5)
The average annual salary of $44,980 in Utah needs to be considered alongside its Cost of Living Index of 104.5. This index indicates that living expenses in Utah are approximately 4.5% higher than the national average. Therefore, the purchasing power of a Bill and Account Collector's salary in Utah is slightly diminished compared to areas with a lower cost of living.
Job Market Context
3,160
Total Jobs
1.85
Per 1K Jobs
1.73
Location Quotient
Utah has 1.7x the national concentration of Bill and Account Collectors jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
Utah's Location Quotient of 1.73 for Bill and Account Collectors signifies a market where these professionals are more concentrated than the national average. This suggests a strong demand and a potentially competitive environment for hiring, as businesses in Utah rely more heavily on this specific workforce segment compared to other states.
Nearby Job Markets
Nearby Cities for Bill and Account Collectors
| City | Salary | Dist. |
|---|---|---|
| Provo-Orem-Lehi, UT Bill and Account Collectors Salary | $40,140↓ 11% | 13 mi |
| Salt Lake City-Murray, UT Bill and Account Collectors Salary | $46,350↑ 3% | 44 mi |
| Ogden, UT Bill and Account Collectors Salary | $41,610↓ 7% | 75 mi |
Comparing salaries near Utah
Hiring Bill and Account Collectorss?
Frequently Asked Questions
How much does a Bill and Account Collectors make in Utah?
The median annual salary for a Bill and Account Collectors in Utah is $44,980. This typically ranges from $33,620 for entry-level positions to $58,400 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Utah is 6.3% lower than the national median of $48,000.
Is Utah a lucrative place for Bill and Account Collectors?
Moderately, with caveats.While Utah has a higher concentration of Bill and Account Collector jobs (LQ 1.73), the average salary of $44,980 is slightly below the national average, and the cost of living is marginally higher.
Is Utah a good place to live for Bill and Account Collectors?
The Cost of Living Index in Utah is 104.5. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Utah?
Some top paying nearby cities include Provo-Orem-Lehi, UT ($40,140) and Salt Lake City-Murray, UT.
How does Utah's job concentration compare nationally?
Utah's concentration of Bill and Account Collector roles, measured by a Location Quotient of 1.73, is significantly higher than the national average, indicating a greater prevalence of these jobs within the state's workforce.
What is the average number of Bill and Account Collectors per 1,000 workers in Utah?
In Utah, there are approximately 1.85 Bill and Account Collectors for every 1,000 workers, reflecting the state's specific employment landscape in this financial sector.
How does Utah's cost of living affect salary perception?
With a Cost of Living Index of 104.5, Utah is slightly more expensive than the national average. This means the $44,980 salary may offer slightly less purchasing power than a similar salary in a lower-cost-of-living state.
Is the Bill and Account Collector job market growing in Utah?
The high Location Quotient of 1.73 suggests a strong existing demand and concentration, which often correlates with a stable or growing job market for Bill and Account Collectors in Utah.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,160 employees in the Utah area with a job density of 1.85 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Bill and Account Collectors • Data source: BLS OEWS 2024 •Jobs in Utah